1 July 2022 false No description of principal activity Taxfiler 2023.14 08534322business:PrivateLimitedCompanyLtd2022-07-012023-06-30 085343222022-06-30 085343222022-07-012023-06-30 08534322business:AuditExemptWithAccountantsReport2022-07-012023-06-30 08534322business:FilletedAccounts2022-07-012023-06-30 085343222023-06-30 085343222022-06-30 08534322core:WithinOneYear2023-06-30 08534322core:WithinOneYear2022-06-30 08534322core:AfterOneYear2023-06-30 08534322core:AfterOneYear2022-06-30 08534322core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 08534322core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 08534322core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 08534322core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 08534322core:PreviouslyStatedAmount2023-06-30 08534322core:PreviouslyStatedAmount2022-06-30 08534322business:SmallEntities2022-07-012023-06-30 08534322business:Director12022-07-012023-06-30 08534322countries:EnglandWales2022-07-012023-06-30 08534322business:RegisteredOffice2022-07-012023-06-30 08534322core:PlantMachinery2022-07-012023-06-30 08534322core:MotorVehicles2022-07-012023-06-30 08534322core:FurnitureFittings2022-07-012023-06-30 08534322core:ComputerEquipment2022-07-012023-06-30 08534322core:PlantMachinery2022-06-30 08534322core:MotorVehicles2022-06-30 08534322core:FurnitureFittings2022-06-30 08534322core:ComputerEquipment2022-06-30 08534322core:PlantMachinery2023-06-30 08534322core:MotorVehicles2023-06-30 08534322core:FurnitureFittings2023-06-30 08534322core:ComputerEquipment2023-06-30 08534322business:OrdinaryShareClass12022-07-012023-06-30 08534322business:OrdinaryShareClass12021-07-012022-06-30 085343222021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08534322 (England and Wales)
GR8 DEALS LTD accounts for the year ended 30 June 2023
GR8 DEALS LTD accounts Contents
Page
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GR8 DEALS LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,349 
21,686 
Current assets
Debtors
- 
7,126 
Cash at bank and in hand
9,900 
3,393 
9,900 
10,519 
Creditors: amounts falling due within one year
15,518 
18,344 
Net current assets
25,418 
28,863 
Total assets less current liabilities
42,767 
50,549 
Creditors: amounts falling due after more than one year
(38,800)
(44,615)
Net assets
3,967 
5,934 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,867 
5,834 
Shareholders' funds
3,967 
5,934 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
SYED FATEH ALI Director Company Registration No. 08534322
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GR8 DEALS LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
GR8 DEALS LTD is a private company, limited by shares, registered in England and Wales, registration number 08534322. The registered office is 194 Henley Road, Ilford, IG1 2TR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
23,155 
14,950 
12,305 
7,045 
57,455 
At 30 June 2023
23,155 
14,950 
12,305 
7,045 
57,455 
Depreciation
At 1 July 2022
16,239 
7,933 
8,780 
2,817 
35,769 
Charge for the year
1,383 
1,403 
705 
846 
4,337 
At 30 June 2023
17,622 
9,336 
9,485 
3,663 
40,106 
Net book value
At 30 June 2023
5,533 
5,614 
2,820 
3,382 
17,349 
At 30 June 2022
6,916 
7,017 
3,525 
4,228 
21,686 
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GR8 DEALS LTD Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
7,126 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,310 
988 
Taxes and social security
2,193 
3,260 
Other creditors
- 
827 
Loans from directors
(19,022)
(24,020)
Accruals
- 
600 
Deferred income
1 
1 
(15,518)
(18,344)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,800 
44,615 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 4 (2022: 5).
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